India is among the few countries who managed to swiftly regain their economic development following the 2008 recession. With the new government taking over, the impact of the economic meltdown has receded further. This has led to an increase in the prospects of finance jobs in India.
India Finance Jobs: The Choicest investment destination worldwide
With India becoming the choicest investment destination, the flow of FDI and FIIs has increased tremendously.
Following the 2009 elections, the growth forecast for India for the fiscal year (April 2009 to March 2010) has been set to 5.8%, from the previous 4.4%, by Morgan Stanley, a reputed financial services company.
Following are some factors behind the increase in finance jobs in India:
- Boom in the stock market
- Renewed foreign investor confidence
- Increased consumer spending
India Finance Jobs: FPO Boom
The success of BPOs and KPOs in India has given a boost to the confidence of overseas companies in the country’s hidden potential. This has led to the emergence of FPO or Financial Processing Outsourcing, leading to a significant increase in India’s finance jobs.
More and more international companies are looking forward to leveraging India’s increasing skilled manpower.
In FPOs, jobs are available in the following streams:
- Financial Services
- Taxation Services
- Accounting Services
- Bookkeeping Services
- Payroll Services
- Customer Service
- Content Writing
India Finance Jobs: Financial Courses
A number of financial institutions, such as banks, insurance companies, SEBI, NBFCs and other market regulators are being set up in India. This has further led to an increase in career opportunities in the financial sector.
To acquire a job in these institutions, one needs professional certifications and degrees. Certification in CA or ICWAI (The Institute of Cost and Works Accountants of India) will not be sufficient.
Owing to this, a number of premier educational institutes have come up with valuable industry specific courses, such as:
- The Indian Institute of Financial Planning offers courses such as Certified Financial Planner and Post Graduate Diploma in Advanced Financial Planning and Wealth Management.
- The Institute of Chartered Financial Analysts of India, Andhra Pradesh, offers a one-year PG Diploma in Chartered Financial Equity Research and Other Related Areas.
- IGNOU offers a one-year PG Diploma in Financial Management.
- JDC Bytco Institute of Management Studies and Research, Maharashtra offers a PG Diploma in Capital Market Studies.
- Madurai-Kamaraj University, Tamil Nadu, offers a Master's degree in Finance Control.
In India, finance jobs are a lucrative career choice for people with the right qualifications and good analytic and numerical skills.